What You Need To Know About Social Security And Medicare Changes For 2018

Each and every year we see some small changes to Social Security and Medicare. This year is no different. How much you will receive from Social Security during retirement, to the caps on payroll taxes to fund future benefits are just a couple of the common areas with changes. Medicare beneficiaries will mostly pay more for their health-care premiums in 2018. There are also changes to new income rules that determine your Medicare surcharges for 2018.

Here are a few of the highlights of the changes in 2018.

Good News - Cost of Living Adjustments for Retirees

Retirees will finally get a cost-of-living adjustment (COLA) of two percent. This marks the largest COLA increase in the past six years and results in an average monthly increase of $27 per person. For 2018, the average Social Security check will be an estimated $1404 per month and the maximum Social Security check at full retirement age is $2,788. If that doesn’t sound like a lot, you can dramatically increase that number by waiting until age 70 to collect Social Security benefits.

Bad News – Higher Medicare Premiums

It should be no surprise that Medicare premiums are on the rise. For many recipients, this increase will more than eat up the Social Security COLA. Most beneficiaries of Medicare will shell out around $134 per month for Part B in 2018.  That’s up $25 per month from 2017 and just two dollars below the average COLA for Social Security.

Comments

Privacy Policy

What You Need To Know About Social Security And Medicare Changes For 2018 is dedicated to protecting consumer privacy on the Internet. Our practices are consistent with privacy guidelines established by eTrust.com.

What You Need To Know About Social Security And Medicare Changes For 2018 does not require any personal information to obtain access to our website.

What You Need To Know About Social Security And Medicare Changes For 2018 does require limited personal information including name and mailing address from individuals wishing to join as members. Additional information such as e-mail address and phone number may also be requested in order that we may contact members in a timely manner on issues related to our mission.

You will only receive e-mail from us if you request to be added to our e-mail list. You may revise or remove your e-mail address from our files at any time.

What You Need To Know About Social Security And Medicare Changes For 2018 uses "cookie" technology to obtain non-personal information from our online visitors, such as browser/computer type, number of visitors, and site usage. We do not use cookies to extract personal information.

Our website contains links to other sites, but What You Need To Know About Social Security And Medicare Changes For 2018 does not necessarily advocate, support or condone the privacy practices or content of these websites.

What You Need To Know About Social Security And Medicare Changes For 2018 makes all information received from our online visitors as secure as possible against unauthorized access and use. All information is protected by state-of-the-art security technology.

What You Need To Know About Social Security And Medicare Changes For 2018 respects the individual privacy rights and concerns of visitors to our website. We support meaningful self-regulation of the Internet to ensure that responsible organizations maintain the right to use all communications media to interact with the public.